Fri. Sep 17th, 2021
PS5 is no longer being sold at a loss

PS5 is now no longer being sold at a loss.

Last week, Sony held a Q1 financial briefing for investors, to mark the period of the year ending July 30. In the online broadcast, Sony CFO Hiroshi Totoki revealed that the PS5 which is priced at $499, was no longer selling at a loss, breaking even after going on sale in November 2020. Totoki also revealed that the $399 Digital Edition is still being sold at a loss.

Additionally, Totoki announced that Sony had managed to secure a large supply of semi-conductors parts, crucial to both versions of PS5. Totoki also announced that Sony was planning to manufacture 14.8 million PS5 consoles by the end of the current year. Last month, Sony announced that the PS5 had surpassed 10 million units sold since November. Which makes it the fastest-selling console ever. That’s quite an achievement for Sony.